Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Goldman Sachs lowers NCLH to 'sell'

Goldman Sachs lowers NCLH to 'sell'

Goldman Sachs downgraded Norwegian Cruise Line Holdings to 'sell' from 'neutral,' according to Seeking Alpha.

The change is based on concern about pressure on yields due to higher costs related to China and Pride of America's drydock, Seeking Alpha said.

The US-flag ship is the highest earner in the fleet, NCLH management said during the company's early November earnings call. Pride of America will undergo work in the first quarter, and be out of service for 24 days.

The company doesn't currently operate a ship targeted at Chinese travelers but is ramping up to do so in 2017.

Seeking Alpha said Goldman Sachs has a $50 price target for NCLH.

Shares opened at $56.85 on Wednesday and were trading 4% lower in the early afternoon.

 

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish